Most conceptions of “globalization” take the term to mean simply the various ways in which all corners of the globe are increasingly connected by trade, finance, communication, travel, cultural exchange, etc., and the degree to which the interconnections are of much greater volume and much greater speed than before. With the 2008 financial crisis in immediate view, one can appreciate the speed with which not only, say, jazz and pop music circulate the globe, but also the speed with which financial panics have been communicated and amplified.